HSBC expands private banking in UAE to cater to growing millionaire base – The National

HSBC expands private banking in UAE to cater to growing millionaire base – The National

HSBC, Europe’s largest lender, has expanded its private banking business in the UAE to cater to the growing number of high-net-worth investors.

The new private bank is aimed at clients with investable assets of more than $2 million, HSBC said in a statement on Wednesday.

“The launch of HSBC Bank Middle East Global Private Banking in the UAE complements the private banking services we have provided to clients through the DIFC since 2015,” said Abdulfattah Sharaf, chief executive of HSBC UAE and head of international, HSBC Bank Middle East.